Please answer these question: 1. A standard purchase order is a document that buyers use to communicate the need with suppliers A. False B. True 2. Modern companies use electronic purchasing because it is - A. Cheaper B.
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- Which of the following statements is not true: Select one: a. Inventory holding costs are the largest component of total annual inventory costs b. Product and technology life cycles are shortening c. More variety is being demanded by customers d. Lead times depends on the supplier manufacturing capabiltiesSLO-3.1 The major reason supply management can greatly improve a firm’s return on investment (ROI) is: A) the reduction of post ownership costsB) the reduction of downtime costsC) the reduction of quality costsD) the reduction of acquisition costE) every dollar saved in purchasing is = to a new dollar of profit NEWSLO-3.2 Which of the following is generally not true about supply management and the bottom line? A) Purchased items account for a large percentage of the cost of goods sold. Hence, a reduction in cost of purchased goods has a major impact on the bottom lineB) A Euro increase in sales is equivalent to a Euro decrease in materials cost in impacting the bottom lineC) Outsourcing allows firms to focus on their core competencies, which reduced potential for waste, which then can improve the bottom lineD) A dollar saved in materials cost is usually considered a dollar increase in profit, which directly translates into bottom line savingsE) Supply management can work…7) When order requests come in, the designers of Modern Furniture often go to a client's location to note their requirements, budget, and expected date of delivery. In this way, Modern Furniture is successful in tailor-making products for its customers. This is an example of _______. A) market diversification B) undifferentiated marketing C) mass customization D) differentiated marketing E) trigger-based marketing 8) Power Corporation is an automobile manufacturer known for producing efficient, durable, and low-priced cars. Recently, the company launched a new range of luxury cars to broaden its market appeal and to add prestige to its existing line of cars. This is an example of ________. A) social marketing B) product line filling C) product line stretching D) internal marketing E) cannibalization 9) Kellogg's begins to sell its cereals in new markets after conducting extensive marketing research. When sales starts to pick up in the new markets, the company increases its…
- 6. A system that enables people to conduct financial transactions from a smartphone or other wireless mobile device is called: A. Imaging Systems B. Mobile Banking C. E-payments D. None of the above 7. Forward auctions offer the following benefits to B2B sellers except: A. Increased “stickiness” B. Cost savings. C. Revenue generation D. Decreased "stickness" 8. A special category of e-learning is called: A. M-learning B. E-Training C. E-Books D. None of the above 9. New knowledge must be placed in context so that it is actionable is: A. Capture knowledge B. Update knowledge C. Refine knowledge D. Disseminate knowledge 10. This developing technology is supposed to replace the WiMax. A. Wireless wide area networks B. LTE (Long Term Evolution) C. Wireless local area networks and Wi-Fi D. Personal area networks Note: i just need right option no need explain, (like 6 ans b, 7 ans b)link of PDF : https://docdro.id/psUSO2n https://docdro.id/KV8USNQ question : 1. According to Weele, why should we measure the purchasing function? 2. According to Weele, what elements in the purchasing function should we measure? 3. According to Weele, the items that we measure determines the role of the purchasing function. List these roles, and show the mapping. 4. According to Simpson and et.al, why should we measure the performance of our suppliers? 5. According to Simpson and et. al, what are the characteristics of our suppliers should we measure? List these down in terms of evaluative criteria and its details.Chairs Tables Selling price per unit ＄80 ＄400 Variable cost per unit ＄30 ＄200 Board feet per unit 2 10 Monthly demand 600 100 The company's supplier of hardwood will only be able to supply 2,000 board feet this month. What plan would maximize profits? a. 500 chairs and 100 tables b. 600 chairs and 80 tables c. 500 chairs and 80 tables d. 600 chairs and 100 tables Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
- SLO 7.1. The purpose of a requisition is: To request or requisition supplies from external suppliersTo give users a way to authorize buyers to acquire goods and servicesTo clarify the description of need before communicating with potential suppliersTo solicit price quotes for goods or services from suppliersTo give finance a way to have the final say in any decision to spend money SLO 8.1. Online reverse auctions are typically used when: Specifications are clearly definedThere is a competitive supply market with qualified suppliers willing to participateThe buyer is prepared to switch suppliers if necessarySpecifications are clearly defined and there is a competitive supply market with qualified suppliers willing to participateSpecifications are clearly defined, there is a competitive supply market with qualified suppliers willing to participate, and the buyer is prepared to switch suppliers if necessaryI need help in filling out the three appendixes in the textbook project partially answered below (I'm not asking for the writing part of the assignment. I just need help in filling out the appendixes): https://www.bartleby.com/solution-answer/chapter-c-problem-65a-purchasing-and-supply-chain-management-6th-edition/9781285869681/insourcingoutsourcing-the-flexcon-piston-decision-this-case-addresses-many-issues-that-affect/b359ac34-a888-11e9-8385-02ee952b546e Appendix 1 Year One Inventory Carrying Charges Outsourcing Option Beginning Inventory Ending Inventory Average Inventory Inventory Carrying Costs January 30,000 0 $ February 30,000 0 $ March 30,000 0 $ April 27,000 0 $ May 25,000 0 $ June 25,000 0 $ July 23,000 0 $ August 21,000 0 $ September 22,000 0 $ October 23,000 0 $ November 23,000 0 $ December 21,000…1. Which of the following statements is false?a) A high-efficiency organisation would want to have fewer storage facilities to increaseresponsiveness but this practice too is known to reduce responsivenessb) Having many production sites increases cost and reduces efficiency but responsiveness tocustomer demands increases because of proximityc) A highly responsive organisation for example would want to have many storage facilitieslocated nearer to customers but this practice reduces efficiencyd) None of the above2. Alla) Each stage of the supply chain views its actions locally and is unable to see the impact ofthe following behaviours are possible obstacles to supply chain coordination, except _____its actions on other stagesb) Different stages of the supply chain react to the current local situation rather than trying toidentify the root causesc) Based on local analysis, different stages of the supply chain blame each other for thefluctuations, with successive stages in the supply…
- Please do not give solution in image format thanku 3. The goal of inventory management is to have the right ______, in the right _______, at the right _______. A. product, range, season B. price, place, supplier C. price, range, season D. product, place, time 4. A supply chain with a distributor has more product handling than one without a distributor. True or False? 5. Lead time is a way to measure the availability of inventory. True or False? 6. Expected profit is a direct measure of how well a company serves its customers. True or False? 7. Demand is modeled with a normal distribution that has a mean of 300 and a standard deviation of 50. What is the probability that demand is 400 or less? A. 97.7% B. 95.4% C. 47.7% D. 2.3% 15. Store A purchases cases of fertilizer for its lawn-care business from a supplier who charges Store A $30 per order and $50 per case. Each case consists of five bags of fertilizer. Store A needs 2000 bags of fertilizer a year. Store…A colleague has made the following statements: In the long term most production overheads are variable Traditional absorption costing systems tend to give too much overhead cost to high volume products. Which statements are correct? a) Neither statement 1 nor statement 2 b) Only statement 1 c) Only statement 2 d) Both statements 1 and 2SLO 8.2. If the buyer does not have a clear and unambiguous description or specification and wants to find out which supplier can deliver the best value when and where needed, he or she will typically issue a: Request for quotation (RFQ)Request for proposal (RFP)Request for information (RFI)Request for bid (RFB)Request for suggestions (RFS) SLO 9.1. Blanket purchase orders: Reduce costs by decreasing the number of purchase orders issuedCover multiple purchase requirements on one orderAre difficult to prepareReduce costs by decreasing the number of purchase orders issued and cover multiple purchase requirements on one orderReduce costs by decreasing the number of purchase orders issued, cover multiple purchase requirements on one order, and are difficult to prepare
